ChemPriceHub Alert: Diethylene Glycol Shipments Decrease, Inventory Levels Remain High

On February 3, the total shipment of diethylene glycol from the two storage areas in Zhangjiagang was 1,158 tons, a decrease of 29 tons compared to the previous day. As of now, the inventory at Vopak stands at 13,300 tons, with Changjiang International announcing its inventory every Monday. PriceSeek's analysis of diethylene glycol indicates a bearish score of -1. The article reveals that the shipment volume of diethylene glycol from the Zhangjiagang storage area decreased by 29 tons to 1,158 tons compared to the previous day, while Vopak's inventory remains high at 13,300 tons. The decline in shipment volume suggests weak demand, and the high inventory reflects ample supply, indicating a relatively loose supply-demand balance. This generally exerts bearish pressure on the spot price of diethylene glycol and may restrain short-term price increases.